Strickland Metals managing director Paul L’Herpiniere said: “The Warmblood results could be a transformative moment for the project, hinting at significant deep-seated mineralisation. This is our inaugural drill testing for down-plunge extensions, coupled with our first diamond drilling here. Should positive results continue, as we anticipate, this could support a substantial open pit optimisation. Such promising outcomes, particularly when considering the expansive multi-element geochemical trends, reinforce our confidence in the interconnected nature of Horse Well’s prospects, with each primary lode exhibiting a northwest plunge.”

“Historical drilling efforts didn’t capture the full geometry of the mineralisation, but recent findings suggest that our license area is brimming with potential for further resource growth and discoveries.”

As a result of a 2023 aircore drilling program Strickland successfully linked the shallow oxide resources at Warmblood and the nearby Filly SW prospect into a single oxide deposit with more than 1km of strike, now collectively called Warmblood. The deep intercepts reported today show that not only are the two zones connected at the oxide level but also in the primary domain at depth as a high-grade shoot that remains open.

With nearly ten gold prospects and numerous mineralised trends to explore, Strickland is gaining deeper insights into the primary controls on the mineralised structures at Horse Well with each drill campaign. It is now becoming increasingly evident that the high-grade lodes across the area each have a north-northwest plunge – something that appears to have been missed with historical drilling.

Together with the recently acquired Rogozna project in Serbia which has a JORC-compliant mineral resource of 2.96 million ounces of gold, 200,000 tonnes of copper and 360,000 tonnes of contained zinc, the company’s twin approach to exploration of the yellow metal is running at breakneck speed. Given the current all time high for gold prices, that tactic could start to pay handsome dividends in the not-too-distant future.

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